DMarket (DMT) Up 72.44% Wednesday: What's Next?

Wednesday, March 02, 2022 07:29 PM | InvestorsObserver Analysts

DMarket (DMT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Art, Collectibles and Non-Fungible Tokens has increased 72.44% to $0.01227778806.

InvestorsObserver is giving DMarket a 73 Volatility Rank. Find out what this means to you and get the rest of the rankings on DMarket!

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Moderately Volatile

InvestorsObserver gives DMarket a moderate volatility rank of 73, placing it in the top 27% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. DMT's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

DMarket price is trading above resistance. With support around $0.00556610691320811 and resistance set at $0.00919641581323657. This positions DMarket out of range and potentially in a volatile position if the rally burns out.